PYMNTS

DECEMBER 30, 2020

As treasury management becomes increasingly digital, a bank’s corporate banking clients face challenges when it comes to modernizing treasury workflows. Embedding banking into ERP systems has been a hot topic as of late — although the buzz surrounding it has been years in the making.

Banking 97

Banking Accounts Payable Treasury Reconciliations 97

PYMNTS

MARCH 2, 2020

As this week’s B2B Data Digest shows, late payments can also be the result of suppliers’ unfamiliarity with invoicing best practices. accounts receivable and POS solution provider takepayments, according to reports in Thiis last week. Forty percent admitted that their knowledge of invoicing is “limited.”.

Reconciliations 57

Reconciliations Invoicing B2B Manufacturing 57

PYMNTS

SEPTEMBER 27, 2020

HighRadius , a FinTech working in automation for order-to-cash and treasury management, has announced an expanded strategic relationship with Commerce Bank , according to a press release. The agreement made all of HighRadius' products available for Commerce Bank clients.

Banking 89

Banking Treasury Reconciliations Invoicing 89

PYMNTS

FEBRUARY 28, 2020

Purchase, invoice and transaction data are invaluable to the journey of digitization and automation, but organizations are increasingly recognizing that the value can only be realized if that data can integrate seamlessly across platforms. Going Further With Open Banking. Cichy said he sees the opposite happening today, though.

Accounts Payable 83

Accounts Payable Banking Invoicing B2B 83

PYMNTS

JUNE 10, 2020

Credorax , the smart payments provider and FinTech, has announced a partnership with Samsung to develop blockchain technology to offer open banking services, according to a press release. Digitization in banking is on the rise due to the pandemic, which has seen people and businesses flocking to digital forms of financial services.

Reconciliations 53

Reconciliations Banking B2B Invoicing 53

PYMNTS

JULY 8, 2020

Missouri-based First Bank will now be using Autobooks to help clients such as small- to medium-sized businesses (SMBs) boost their banking experiences, according to a press release. Autobooks’ invoicing, accounting and payments tech “will enable small businesses to conduct their financial activities in one place.”.

Banking 64

Banking B2B Reconciliations Invoicing 64

PYMNTS

NOVEMBER 12, 2020

Contextual banking will change the way traditional financial institutions (FIs) interact with their business clients. Shields offered an example of intentional information: invoice data. Today, a bank simply receives a payment instruction from its customer. Building The Infrastructure.

Banking 88

Banking Invoicing Reconciliations Treasury 88

PYMNTS

FEBRUARY 1, 2021

Smooth accounts payable and receivable processes depend on the ability to easily access, manage and interpret payments data, but complex workflows and old-school tools can get in the way. Reconciliation Challenges. As we move toward better and more tools … that process can be automated using newer technologies.” .

Accounts Payable 93

Accounts Payable Reconciliations Invoicing Treasury 93

CFO Share

SEPTEMBER 27, 2022

Unfortunately, accounting processes are more complex than fixing your truck, and while many businesses benefit from hiring in-house accounting and bookkeeping, others do not. Knowing which category your business fits in is critical to deciding whether or not to hire in-house for accounting and bookkeeping. .

Accounting 40

Accounting Accounts Payable Invoicing Manufacturing 40

The Charity CFO

FEBRUARY 4, 2022

Do a Google search on nonprofit bookkeeping, and you’ll find page after page of articles on nonprofit accounting. Because while nonprofit bookkeeping and accounting are related, they’re not the same thing. A bookkeeper records and organizes financial data; an accountant interprets and presents that data. . Invoicing .

Nonprofit 98

Nonprofit Invoicing General Ledger GAAP 98

PYMNTS

SEPTEMBER 16, 2020

PSD2 and open banking regulations were forged to accelerate competition in the financial services arena, and this week, a look at the latest initiatives reveals the opportunity for new market entrants to rival incumbents in the small business banking arena. Payoneer Debuts Program For Banks. Banking and accounting for U.K.

Banking 56

Banking Concentration Reconciliations Invoicing 56

PYMNTS

DECEMBER 15, 2017

Complex on so many levels, especially when it comes to payments and, more specifically, invoicing, where demands for payment are tracked through paper and electronic means. Via its cross-border reconciliation network, Flywire can collect and reconcile those payments immediately and accurately.

Invoicing 48

Invoicing Reconciliations Currencies Foreign Exchange 48

PYMNTS

DECEMBER 11, 2019

based Metro Bank has begun piloting a new corporate expense management solution in partnership with Canadian FinTech Sensibill , a press release said Wednesday (Dec. The technology allows users to take a photo of a receipt, with data automatically captured and entered into transaction history for reconciliation.

Banking 52

Banking Reconciliations Invoicing Accounting 52

PYMNTS

AUGUST 15, 2018

Invoice and accounts receivable solutions provider VersaPay announced the launch of its mobile app this week. 14) that its mobile app for its accounts receivable platform ARC is now live. The ARC solution provides businesses with a way to streamline their customers’ invoice payments process via a self-service portal.

Accounting 40

Accounting Invoicing Reconciliations Banking 40

PYMNTS

NOVEMBER 10, 2020

challenger bank Tide runs dry of SMB loan funds, while Payer launches an ID verification service for B2B eCommerce platforms. Just Cashflow Partners With Railsbank on SMB Accounts. Today In B2B, U.K. Plus, Just Cashflow collaborates with Railsbank, and HashCash streamlines its B2B payments offering.

B2B 75

B2B Banking Reconciliations Planning 75

PYMNTS

MAY 1, 2020

Any business that trades internationally or manages a global workforce will be familiar with the pain points of traditional cross-border wires and bank transfers. “They accept cryptocurrency, facilitate the exchange, charge a professing fee then transfer funds into a bank account in one or two days. . The Benefits To AR.

Currencies 68

Currencies Accounting B2B Reconciliations 68

PYMNTS

FEBRUARY 11, 2020

Cloud accounting firm Xero and payments services company Square are collaborating to offer small businesses a tool for faster invoicing and payments, according to reports on Tuesday (Feb. Small and medium-sized businesses (SMBs) using Xero can email invoices with the built-in Square payment functionality.

B2B 83

B2B Invoicing Reconciliations Sales 83

PYMNTS

JUNE 16, 2020

In the June 2020 edition of The Gig Economy Tracker® done in collaboration with Tipalti , we find these traits, among others, defining innovation in accounts payable (AP) software. Many still use manual invoicing systems that can slow payment processes. Businesses must establish touchless interactions with suppliers and banks.

Reconciliations 67

Reconciliations Invoicing Accounts Payable Auditing 67

PYMNTS

OCTOBER 30, 2020

Digitizing documents is key to optimizing workflows, but when it comes to the procure-to-pay space, not all digital invoices and purchase orders are created equal. XML invoices, which digitize the data on the invoice, are only a fraction of total invoice volume. What It Means to Be Digital.

Invoicing 110

Invoicing Cash Flow Forecasting Reconciliations Forecasting 110

PYMNTS

OCTOBER 20, 2020

Stampli , which works in accounts payable automation, has debuted a new feature called Stampli Direct Pay which a press release says will let companies pay invoices with ACH or from their own bank accounts. The release goes on to list some of the factors making Stampli Direct Pay different from other such services.

Accounts Payable 57

Accounts Payable Invoicing Reconciliations Communication 57

PYMNTS

JANUARY 8, 2021

Even so, there’s still plenty of work to be done to raise awareness about how sending or receiving RTP transactions can improve the banking client experience. To facilitate this transition in handling 24/7 cash flow, Whisler said TCH offers services such as intraday reconciliation. Limits And Fees.

Cash Flow Forecasting 139

Cash Flow Forecasting Banking Education Reconciliations 139

PYMNTS

NOVEMBER 11, 2020

The Playbook also calls out “three-way invoice matching — in which staff must compare invoices to purchase orders and goods received notes,” and the frustrations that brings, but automation can reduce these stresses by matching these invoices automatically. Capital Management Leans Into Digital. A recent survey found that 74.2

Accounts Payable 87

Accounts Payable Invoicing Treasury Reconciliations 87

PYMNTS

SEPTEMBER 17, 2019

Instead, taking a look at the latest solutions to emerge on the market shows various applications for speed in commercial transactions, from faster deposits for small businesses, to virtual cards enabling faster invoice payments for suppliers. Chase Accelerates SMB Bank Deposits. Community Banks Go Real Time.

Accounts Payable 43

Accounts Payable B2B Accounting Invoicing 43

E78 Partners

SEPTEMBER 21, 2023

These challenges include resource limitations, complexity of accounting standards, volume of transactions, weak internal controls, stakeholder expectations, and much more. Furthermore, in an era of intricate financial landscapes, preparing for compliance with complex accounting standards becomes non-negotiable.

Auditing 52

Auditing General Ledger Reconciliations Accounting Standards 52

PYMNTS

SEPTEMBER 23, 2019

While FinTechs are offering a greater variety of solutions to business users than ever before, corporate finance chiefs and treasurers still turn to their banks first to improve their B2B payments strategies. Banks’ ability to be empowered through data can occur in other ways beyond API integrations, though.

B2B 49

B2B Banking Accounts Payable Corporate Finance 49

PYMNTS

AUGUST 19, 2020

With B2B payments being an increasingly attractive target for innovators, the landscape is growing crowded as more banks and FinTechs roll out their accounts payable (AP) automation solutions. At the same time, he explained to PYMNTS, industry collaboration can mean combining banks’ and FinTechs’ biggest strengths.

Accounts Payable 127

Accounts Payable B2B Reconciliations Banking 127

PYMNTS

FEBRUARY 24, 2020

For the accounts payable (AP) and enterprise resource planning (ERP) automation space, it’s no longer business as usual. These firms are finding that managing both systems in the cloud offers the flexibility and security needed to streamline invoicing and cut costs, while keeping operations running as smoothly and accurately as possible.

Accounts Payable 89

Accounts Payable Invoicing Education Reconciliations 89

PYMNTS

MARCH 16, 2020

In addition, the deal will allow better reconciliation of payments with the matching invoices. Hari Moorthy, global head of Transaction Banking at Goldman Sachs, said the bank wanted to put clients first and create a “frictionless” experience when exchanging payments.

SAP 99

SAP Foreign Exchange Reconciliations Currencies 99

Spreadym

JUNE 19, 2023

Manage Accounts Receivable: Monitor your accounts receivable closely, ensuring that customers pay their invoices on time. Implement efficient invoicing processes, offer incentives for early payments, and promptly follow up on overdue payments to minimize the risk of cash flow gaps.

Cash Flow Forecasting 52

Cash Flow Forecasting Invoicing Forecasting Accounts Payable 52

PYMNTS

NOVEMBER 4, 2019

RedCloud Technologies has announced the launch of its optical character recognition (OCR) driven digital collections and reconciliation payment solution. London-based RedCloud allows unbanked users to make transactions without the need for a debit card, credit card, or even a brick and mortar bank.

Invoicing 40

Invoicing Reconciliations SAP Manufacturing 40

PYMNTS

JULY 10, 2019

Some of the biggest industry trends, including faster payments, open banking and bank-FinTech collaboration, have found their ways into the Canadian market, the B2B payments space is not immune to disruption from these shifts. Open Banking. While Canada has not yet enacted open banking regulatory requirements, much like the U.S.,

B2B 62

B2B Accounts Payable Mergers and Acquisitions (M&A) Reconciliations 62

PYMNTS

SEPTEMBER 6, 2019

Small business cloud accounting company Xero has announced BP as its latest – and largest – partner to join Xero Connect. Small businesses that use these fleet card solutions will see their monthly invoices sent from BP automatically integrated into their Xero accounting platform as a draft bill.

Invoicing 53

Invoicing Reconciliations Accounting Banking 53

PYMNTS

DECEMBER 29, 2020

With the pandemic forcing accounts payable (AP) and accounts receivable (AR) departments to hit the gas on their digitization roadmaps, finance leaders are grappling with an accelerated pace of change that can, at times, be overwhelming. Unfortunately, this risk has only elevated as professionals work from home.

B2B 82

B2B Accounts Payable Invoicing Reconciliations 82

PYMNTS

DECEMBER 2, 2020

Mark Aquilina , senior vice president of product and strategy at WEX , told PYMNTS that’s partly because digitization of accounts receivable (AR) lags behind that of accounts payable (AP) on the technological front. And lastly, invoicing workflows are marred by manual processing. Addressing The Chokepoints .

B2B 79

B2B Invoicing Accounts Payable Reconciliations 79

PYMNTS

FEBRUARY 7, 2018

Xero , an accounting platform for small businesses (SMBs) around the world, announced news on Tuesday (Feb. 6) that it is expanding its partnership with Stripe to enable Xero customers to accept ACH bank transfers via Stripe’s platform. Upon the ACH payment clearing, the money will show up in the Xero customer’s Stripe account.

Invoicing 44

Invoicing Reconciliations Accounting Banking 44

PYMNTS

JULY 29, 2020

With Intuit ‘s QuickBooks Cash, a new business bank account feature, small- to medium-sized business (SMB) owners will have an easier time managing finances, the company said in a press release.

Reconciliations 60

Reconciliations Invoicing Finance Accounting 60

CFO Simplified

JUNE 1, 2023

That certainly is a worthy concern, but of even more concern is the Office Manager that never takes a vacation, does all the AP work and bank reconciliations themselves, comes back from time off to run payroll, or issue checks. Banking — Never have the same person that issues the checks reconcile the bank account.

Reconciliations 52

Reconciliations Invoicing CFO Banking 52